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Funds in liquidation lose 34.3% of portfolio value in 15 days

Photo: Haber7

Latest in the series İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe

According to a Gedik Yatırım report, the size of investment funds in liquidation fell 34.3% in 15 days. As of Sept. 30, the value of funds under liquidation was calculated at 652.3 billion lira.

The analysis said 15 of the 129 funds under liquidation were money market funds and 114 were other fund types. It said these funds had 455,758 individual investors. Their closed-to-trading size reaches 756 billion lira, including 103.7 billion lira shut to buying and selling.

Funds in liquidation lose 34.3% of portfolio value in 15 days

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Fund Investigation News Series

Where it began Tera Portföy declares default in two funds, payment periods extended in six funds

  1. İsmail Saymaz, Murat Ağırel and Şaban Sevinç to testify in fund probe Istanbul's Chief Public Prosecutor's Office ordered journalists İsmail Saymaz, Murat Ağırel and Şaban Sevinç to give statements as suspects as part of its fund investigation.
  2. Fund crisis inquiry motions rejected by AK Party and MHP votes Yeni Yol, CHP, İYİ Party and DEM Party's Turkish Grand National Assembly (TBMM) inquiry motions on the fund crisis were rejected by votes from AK Party and MHP lawmakers.
  3. 10-article bill on liquidation of 131 funds due in Turkish parliament next week A 10-article interim bill for the 131 funds placed under liquidation is planned to go to the Turkish Grand National Assembly (TBMM) next week. The funds total about 1 trillion lira (TL).
  4. YENİ Party's Ümit Özlale names two ministers in fund crisis YENİ Party İzmir deputy Ümit Özlale called on Turkish Trade Minister Ömer Bolat and Turkish Family and Social Services Minister Mahinur Özdemir Göktaş to disclose fund transactions.
  5. Funds in liquidation lose 34.3% of portfolio value in 15 days According to a Gedik Yatırım report, the size of investment funds in liquidation fell 34.3% in 15 days. As of Sept. 30, the value of funds under liquidation was calculated at 652.3 billion lira.
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